**REGISTERED COMPANY NUMBER: CE019440 (England and Wales) REGISTERED CHARITY NUMBER: 1186142** ## **Report of the Trustees and** ## **Unaudited Financial Statements for the Year Ended 31 December 2024** ## **for** ## **Cleobury Community Hub** Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR **Cleobury Community Hub** ## **Contents of the Financial Statements for the Year Ended 31 December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**|4|to|5| |**Notes to the Financial Statements**|6|to|12| |**Detailed Statement of Financial Activities**||13|| **Cleobury Community Hub (Registered number: CE019440)** ## **Report of the Trustees for the Year Ended 31 December 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** Cleobury Community Hub is a charitable incorporated organisation (CIO), a corporate body defined by the Charities Act 2011. It is controlled and governed by its Constitution ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** CE019440 (England and Wales) ## **Registered Charity number** 1186142 ## **Registered office** 1 Lower Street Cleobury Mortimer Kidderminster Shropshire DY14 8BN ## **Trustees** N Davis L Lambert (resigned 18/3/24) M Melluish A J Greaves (appointed 18/3/24) T Higginson (appointed 18/3/24) K Bill (appointed 18/3/24) A Guest (appointed 8/5/24) ## **Independent Examiner** Simon Dryden FCCA Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by: A Guest - Trustee Page 1 ## **Independent Examiner's Report to the Trustees of Cleobury Community Hub (Registered number: CE019440)** ## **Independent examiner's report to the trustees of Cleobury Community Hub ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Simon Dryden FCCA The Association of Chartered Certified Accountants Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR 19 March 2025 Page 2 ## **Cleobury Community Hub** ## **Statement of Financial Activities for the Year Ended 31 December 2024** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
109,152
Other trading activities
2
47,861
Investment income
3
1,406
**Total**
158,419
**EXPENDITURE ON**
Raising funds
116,027
**NET INCOME**
42,392
**RECONCILIATION OF FUNDS**
Total funds brought forward
130,120
**TOTAL FUNDS CARRIED FORWARD**
172,512|Restricted
funds
£
96,055
-
-
96,055
8,020
88,035
8,660
96,695|2024
Total
funds
£
205,207
47,861
1,406
254,474
124,047
130,427
138,780
269,207|2023
Total
funds
£
123,874
49,022
225| |---|---|---|---| ||||173,121| ||||131,753| ||||41,368
97,412| ||||138,780| The notes form part of these financial statements Page 3 ## **Cleobury Community Hub (Registered number: CE019440)** ## **Balance Sheet 31 December 2024** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
81,401
**CURRENT ASSETS**
Debtors
8
5,858
Cash at bank
92,870
98,728
**CREDITORS**
Amounts falling due within one year
9
(7,617)
**NET CURRENT ASSETS**
91,111
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
172,512
**NET ASSETS**
172,512
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
93,986
-
2,709
2,709
-
2,709
96,695
96,695|2024
Total
funds
£
175,387
5,858
95,579
101,437
(7,617)
93,820
269,207
269,207
172,512
96,695
269,207|2023
Total
funds
£
2,783
7,167
131,852
139,019
(3,022)
135,997
138,780
138,780
130,120
8,660
138,780| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 4 ## **Cleobury Community Hub (Registered number: CE019440)** ## **Balance Sheet - continued 31 December 2024** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2025 and were signed on its behalf by: A Guest - Trustee The notes form part of these financial statements Page 5 **Cleobury Community Hub** ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on reducing balance Computer equipment - 25% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 6 continued... **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **2. OTHER TRADING ACTIVITIES** |Cleobury Mortimer school
Primary purpose trading
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases|2024
£
5,378
42,483
47,861
2024
£
1,406
2024
£
1,185
3,000|2023
£
4,408
44,614| |---|---|---| |||49,022| |||2023
£
225
2023
£
928
6,000| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
106,620
Other trading activities
49,022
Investment income
225
**Total**
155,867
**EXPENDITURE ON**
Raising funds
123,159
**NET INCOME**
32,708|Restricted
funds
£
17,254
-
-
17,254
8,594
8,660|Total
funds
£
123,874
49,022
225| |---|---|---| |||173,121| |||131,753| |||41,368| continued... Page 7 ## **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** |**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
97,412
-
**TOTAL FUNDS CARRIED FORWARD**
130,120
8,660
**7.**
**TANGIBLE FIXED ASSETS**
Land and
Plant and
Computer
buildings
machinery
equipment
£
£
£
**COST**
At 1 January 2024
-
474
3,237
Additions
172,642
593
554
At 31 December 2024
172,642
1,067
3,791
**DEPRECIATION**
At 1 January 2024
-
119
809
Charge for year
-
237
948
At 31 December 2024
-
356
1,757
**NET BOOK VALUE**
At 31 December 2024
172,642
711
2,034
At 31 December 2023
-
355
2,428|Total
funds
£
97,412
138,780
Totals
£
3,711
173,789
177,500
928
1,185
2,113
175,387
2,783|Total
funds
£
97,412| |---|---|---| |||138,780| Included in cost or valuation of land and buildings is freehold land of £172,641 which is not depreciated. Within land and buildings is a restricted grant from The National Lottery of £75,000. This grant has a restriction of 5 years from 31 August 2024 and as such is being released to the general fund under a straight line basis for the duration of the restriction. continued... Page 8 ## **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Accrued income
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Pension creditor
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Hub development fund
Sound system fund
Double glazing fund
**TOTAL FUNDS**|
At 1/1/24
£
130,120
-
500
8,160
8,660
138,780|2024
£
278
1,416
4,164
5,858
2024
£
4,153
2,897
567
-
7,617
Net
movement
in funds
£
42,392
88,055
(20)
-
88,035
130,427|2023
£
-
4,173
2,994
7,167
2023
£
-
-
480
2,542
3,022
At
31/12/24
£
172,512
88,055
480
8,160|2023
£
-
4,173
2,994| |---|---|---|---|---| |||||7,167| |||||2023
£
-
-
480
2,542| |||||3,022| ||||96,695|| ||||269,207|| continued... Page 9 **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **10. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Rent fund
Hub development fund
Sound system fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Sound system fund
Double glazing fund
**TOTAL FUNDS**|Incoming
resources
£
158,419
3,000
93,055
-
96,055
254,474
At 1/1/23
£
97,412
-
-
-
97,412|Resources
Movement
expended
in funds
£
£
(116,027)
42,392
(3,000)
-
(5,000)
88,055
(20)
(20)
(8,020)
88,035
(124,047)
130,427
Net
movement
At
in funds
31/12/23
£
£
32,708
130,120
500
500
8,160
8,160
8,660
8,660
41,368
138,780| |---|---|---| continued... Page 10 **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
155,867
**Restricted funds**
Rent fund
6,000
Hub development fund
2,594
Sound system fund
500
Double glazing fund
8,160
17,254
**TOTAL FUNDS**
173,121
A current year 12 months and prior year 12 months combined position is as follows:
At 1/1/23
£
**Unrestricted funds**
General fund
97,412
**Restricted funds**
Hub development fund
-
Sound system fund
-
Double glazing fund
-
-
**TOTAL FUNDS**
97,412|Resources
Movement
expended
in funds
£
£
(123,159)
32,708
(6,000)
-
(2,594)
-
-
500
-
8,160
(8,594)
8,660
(131,753)
41,368
Net
movement
At
in funds
31/12/24
£
£
75,100
172,512
88,055
88,055
480
480
8,160
8,160
96,695
96,695
171,795
269,207|Resources
Movement
expended
in funds
£
£
(123,159)
32,708
(6,000)
-
(2,594)
-
-
500
-
8,160
(8,594)
8,660
(131,753)
41,368
Net
movement
At
in funds
31/12/24
£
£
75,100
172,512
88,055
88,055
480
480
8,160
8,160
96,695
96,695
171,795
269,207| |---|---|---| |||8,660| |||41,368| |||At
31/12/24
£
172,512
88,055
480
8,160| |||96,695| |||269,207| continued... Page 11 **Cleobury Community Hub** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **10. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Rent fund
Hub development fund
Sound system fund
Double glazing fund
**TOTAL FUNDS**|Incoming
resources
£
314,286
9,000
95,649
500
8,160
113,309
427,595|Resources
Movement
expended
in funds
£
£
(239,186)
75,100
(9,000)
-
(7,594)
88,055
(20)
480
-
8,160
(16,614)
96,695
(255,800)
171,795|Resources
Movement
expended
in funds
£
£
(239,186)
75,100
(9,000)
-
(7,594)
88,055
(20)
480
-
8,160
(16,614)
96,695
(255,800)
171,795| |---|---|---|---| ||||96,695| ||||171,795| ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. Page 12 ## **Cleobury Community Hub** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Grants
**Other trading activities**
Cleobury Mortimer school
Primary purpose trading
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Other operating leases
Insurance
Light and heat
Telephone and internet
Software and stationery
Sundries
Fundraising costs
Plant and machinery
Computer equipment
**Other trading activities**
Purchases
Wages
Social security
Pensions
Administrative expenses
Maintenance charges
Total resources expended
**Net income**|2024
£
63,083
7,124
135,000
205,207
5,378
42,483
47,861
1,406
254,474
3,000
216
4,246
670
1,315
365
4,775
238
948
15,773
20,396
75,564
793
3,702
6,815
1,004
108,274
124,047
130,427|2023
£
45,732
7,142
71,000| |---|---|---| |||123,874
4,408
44,614| |||49,022
225| |||173,121
6,000
2,126
3,231
1,083
2,406
50
-
119
809| |||15,824
19,538
78,284
1,369
3,916
10,186
2,636| |||115,929| |||131,753| |||41,368| This page does not form part of the statutory financial statements Page 13